For Lease
$8/SF/YR

1343 Route 48 Decatur, IL 62526

17,568 SF Retail Building, High Traffic Area

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
133
This 17,568-square-foot retail building, constructed in 1967, is situated in Decatur, Illinois, at 1343 N. Route 48. Currently, a 7,200-square-foot space is available for lease. The building is divided into two tenant spaces, and the landlord is willing to renovate the space to suit a qualified tenant. The layout features a wide-open retail area with central mechanical and restroom facilities. The property boasts excellent visibility and high traffic volume, located on the northwest corner of IL Route 48 (N. Oakland Ave/N. Fairview Ave) with 11,700 vehicles per day and W. Grand Ave with 8,100 vehicles per day. This prime location in west Decatur places the property near various retailers including Walgreens, U Top Beauty Supply, Save A Lot Grocery, Harvest Market Fuel Station, and AutoZone. The area also includes residential neighborhoods, Akorn Pharmaceuticals, MacArthur High School, and proximity to Millikin University. The property includes 100 parking spaces and is located in Macon County, Illinois, zip code 62526. This presents a unique opportunity for a business seeking high visibility and a strong customer base in a well-established commercial area.

Highlights

  • 17,568-square-foot retail building in Decatur, IL.
  • 7,200 square feet available for lease.
  • Landlord will renovate to suit qualified tenant.
  • High visibility corner location on Route 48 (11,700 VPD) and W. Grand Ave (8,100 VPD).
  • Strong surrounding retail including Walgreens, Save A Lot, and AutoZone.
  • 100 parking spaces.

Property Details for 1343 Route 48

Property type
Retail properties
RSF (Rentable sq. ft)
17,568 SF
Year Built
1967

Unit(s) available at that property

Space
Size
7,200 SF
Rate per SF
$8

Location Insight

City
Decatur
County
Macon
State
Illinois
Latitude
39.855551164043
Longitude
-88.97330091303

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FAQs

What type of property is this?
Retail property - 17,568 SF Retail Building, High Traffic Area
Where is the retail property located?
The property is located at 1343 Route 48 Decatur, IL.
What is the lease rate?
The lease rate is $8/SF/YR.
What are key features of this property?
This property features: 17,568-square-foot retail building in Decatur, IL.; 7,200 square feet available for lease.; Landlord will renovate to suit qualified tenant.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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Contacts

AJ Thoma III, CCIM, SIOR
AJ Thoma III, CCIM, SIOR
Visit Broker Website

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Useful Information

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Route 48
Decatur, IL 62526

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Route 48
Decatur, IL 62526

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

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1343 Route 48
  • AJ Thoma III, CCIM, SIOR
    AJ Thoma III, CCIM, SIOR
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